Saints are reported as being ready to make an offer for former Widnes Vikings Jack Owens.
The Chemics full back or winger is now able to seek a new club and earlier this week League Weekly suggested he could be on his way to Langtree Park.
Head coach Denis Betts said: “Having looked at the balance of our squad we felt that Pat Ah Van, Paddy Flynn, Stefan Marsh, Rhys Hanbury and Corey Thompson were ahead of Jack in terms of our back three options.
“In addition in a salary cap managed sport we are tasked with making difficult decisions to facilitate improvement.
“We have already invested heavily in securing the signings of Setaimata Sa, Chris Bridge, Corey Thompson and Charly Runciman. In addition there are a number of contractual upgrades within the existing group of players which further increases the financial investment by the Club into the playing group.
“In order to manage these costs within the constraints of the salary cap it is necessary to make difficult decisions such as this. We therefore agreed to an early release for Jack to allow him to pursue more regular playing opportunities.
“On behalf of everyone at the club I would like to thank Jack for his contribution to Widnes Vikings and wish him the best of luck in his future career.”